Living in a country with the 2nd highest taxes of all oecd countries. Germany that is. Booh.
Ofc. Crypto currencies are just like every other currency regarding to our tax-law.
Not touching those ETN for atleast 1 year will result in 0% tax.
Touching those ETN and trading them for anything (BTC/LTC/whatever) within one year WILL result in paying taxes.
That really sucks. It is capital gains tax in the UK, so taxable when exchanged to Fiat. If you buy anything with BTC you have to pay VAT. That is far better than having to pay taxes for trading the way you have to.
Learned that lesson the hard way. Did some day/week trading with different cryptos. Initially bought some btc back at 3000€/btc. Used some of it to buy different alts. Now guess what? Gotta pay ~1600€ tax just because i used some btc which went high up in price.
Not to mention the fifo(first in first out) shit.
Im for sure not going to trade anything again lol. I know i didnt make a loss there since btc went up and i still got that value, but its bound to btc right now and im not going to exchange it to fiat.